Prospect Trading LLC
Updated today
Data sourced from SEC public records (and other sources when available). Refreshed weekly • Updated today.
Client assets under management
$19,196,033
This total excludes 1 entity clients. Entities are clients such as corporations, partnerships, or trusts.
Clients
38
0% high-net worth
Advisors
1
of 1 employees
Firm type
Independent
1 advisor
Fewer clients per advisor generally means more personalized, proactive service. Higher ratios may reflect streamlined models or lower minimums.
Clients per advisor
38
HighAverage account size
$505,159
About
Prospect Trading LLC provides investment management and investment planning to individuals and corporate entities, offering both passive and active portfolio management as well as limited-scope advisory engagements. It works with individual, joint, IRA, corporate, and 401(k) account types and does not act as custodian of client assets.
The firm combines fundamental and technical analysis and deploys a range of strategies — including long and short positions, margin, options, and inverse products — to implement its investment views. Accounts are generally managed on a discretionary basis, trades are executed through Interactive Brokers, and the firm aggregates orders to support timely execution across client accounts.
What distinguishes Prospect Trading from many peers is its use of performance-based fee arrangements for qualified clients, its routine incorporation of derivatives and short-selling strategies in separately managed accounts, and its acceptance of corporate/business clients. These features introduce additional risk and potential conflicts of interest, which the firm discloses and manages while relying on third-party custodians for account custody.
Client services
Portfolio management
Expertise
Active portfolio management
Options & derivatives strategies
Fee options
Negotiable between 0.8% and 2.0% annually (minimum 0.8%, maximum 2%) for clients not on performance-based fees
Hourly rate of $200 for limited scope investment planning engagements
Performance-based fees negotiated as a share of capital gains and capital appreciation; available only to qualified clients as defined by SEC Rule 205-3
Account minimum: $100,000 Fee-only: Hourly investment planning at $200 per hour
Main office location
Prospect Trading LLC
Elmhurst IL, United States
Number of offices
1
Most active in
Prospect Trading LLC has reported serving >5 clients in these states in the last 12 months.
Illinois · Louisiana
Disclosures
Firm disclosures are reported in Form ADV Part 1A, Item 11. They include criminal charges, regulatory actions, civil proceedings, and professional disciplinary events involving the firm or its advisory affiliates.
Exclamation point means they have disclosures of this type. Check mark means no disclosures of this type were found.
Business activities & affiliations
These affiliations may expand the services this firm offers and, in some cases, how they are compensated.
Is not active or affiliated with:
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Insurance agent
They sell insurance products and may earn commissions on those sales.
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Broker-dealer / trader
They provide brokerage services and may earn transaction-based compensation in addition to advisory fees.
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Bank
They're affiliated with a bank that may offer its own financial products and services.
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Trust company
They provide trust and estate administration services, typically for separate fees.
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Fund sponsor
They manage or sponsor investment funds and may earn management or performance-based fees if clients invest in them.
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Accountant / CPA / tax prep
They offer tax and accounting services, typically for separate fees.
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Lawyer
They provide legal services, typically billed separately.
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Real estate agent
They facilitate real estate transactions and may earn commissions.
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Other specialized services
They may provide services such as pension consulting or municipal advisory work, typically for separate fees.
Forms ADV
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